Opening an Online Bank Account with No Initial Deposit

Top Banks Offering No-Deposit Online Accounts

SoFi Checking and Savings

SoFi provides a combined checking and savings account with no minimum opening deposit and no monthly fees. Account holders can earn a competitive annual percentage yield (APY) on balances, with the added benefit of receiving paychecks up to two days early with direct deposit. Additionally, SoFi offers access to a vast network of fee-free ATMs nationwide¹.

Ally Bank Interest Checking

Ally Bank's Interest Checking account requires no minimum deposit to open and has no monthly maintenance fees. Customers can earn interest on their checking balances and have access to over 43,000 Allpoint® ATMs nationwide. Ally also offers 24/7 customer support and a robust online banking platform².

Chime Spending Account

Chime offers a spending account with no minimum opening deposit and no monthly fees. Account holders benefit from features like early direct deposit, access to a large network of fee-free ATMs, and a user-friendly mobile app. Chime also provides automatic savings options to help customers build their savings effortlessly³.

Capital One 360 Checking

Capital One's 360 Checking account requires no minimum deposit to open and has no monthly fees. It offers a user-friendly online banking experience, along with access to physical branches for those who prefer in-person assistance. Account holders can earn interest on their balances and have access to a large network of fee-free ATMs⁴.